Introducing Gas Subsidy with Magic

The Magic Team · October 24, 2023
Introducing Gas Subsidy with Magic

Web3 innovation has opened up exciting possibilities for businesses and users alike. However, navigating the complexities of gas fees has been a persistent challenge. In our continuous pursuit to simplify Web3 for businesses and consumers, we are thrilled to announce the launch of the Gas Subsidy feature in Magic’s wallet-as-a-service. Now businesses that have integrated Magic’s WaaS can enable gasless transactions, removing the need for their users to pay for gas.

Why Gas Subsidy Matters

Dealing with gas payments is a hassle for both businesses and their customers; it adds extra steps in the checkout process and adds overhead for businesses. This new feature finds utility across various applications, ranging from NFT marketplaces to gaming and beyond, fostering a more user-friendly and accessible experience.

Why Magic’s Gas Subsidy Feature is a Game-Changer

  1. Frictionless User Experience: Businesses now have more flexibility and can seamlessly onboard their users and drive activation within their dApps (especially among users who are new and not familiar with crypto or NFTs). 

  2. Reduced Overhead and Complexity: Businesses no longer need to manage an institutional wallet and acquire and top up crypto on an ongoing basis. Magic can manage the intricacies behind gas transactions, streamlining transactions and reducing unnecessary overhead.

  3. Seamless WaaS Add-On: Businesses benefit from a single-vendor solution, which reduces integration costs and eliminates the need for additional vendor due diligence.

Getting Started with Magic’s Gas Subsidy

Currently available on Polygon (with more EVM support coming soon), Magic’s Gas Subsidy feature requires an EIP-2771 compatible smart contract, ensuring a smooth integration. To access this feature, get in touch with our team today.

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Introducing Gas Subsidy with Magic